House Democrats call for Wells Fargo hearings

This entry was posted by curator on August 2, 2017 at 3:17 pm

Three Democratic U.S. lawmakers are urging the Republican chairman of the House Financial Services Committee to hold a public hearing on Wells Fargo & Co.’s recent disclosure that it had erroneously charged thousands of customers for car loan insurance policies. The bank, still recovering from the fallout of a separate fake-account scandal, says it has discontinued the auto-loan program and will refund $80 million to the affected customers.